Minimum royalty commitment, FY2024

The value

• annual minimums required; no dollar amount in text read

Where it comes from

The line in the source

Many of our license agreements, although multi-year in total, require us to pay a minimum level of royalties annually

Where it’s used

• ProfileJAKKS Pacific
• ProfileLicensee filings (Funko, Mattel, JAKKS, Takara Tomy, Build-A-Bear, Crocs…)